0001062993-21-009309.txt : 20211006
0001062993-21-009309.hdr.sgml : 20211006
20211006212922
ACCESSION NUMBER: 0001062993-21-009309
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211004
FILED AS OF DATE: 20211006
DATE AS OF CHANGE: 20211006
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Prieskorn Laura Louene
CENTRAL INDEX KEY: 0001856349
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40274
FILM NUMBER: 211310936
MAIL ADDRESS:
STREET 1: C/O JACKSON FINANCIAL INC.
STREET 2: 1 CORPORATE WAY
CITY: LANSING
STATE: MI
ZIP: 48951
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Jackson Financial Inc.
CENTRAL INDEX KEY: 0001822993
STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311]
IRS NUMBER: 980486152
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1 CORPORATE WAY
CITY: LANSING
STATE: MI
ZIP: 48951
BUSINESS PHONE: 517-381-5500
MAIL ADDRESS:
STREET 1: 1 CORPORATE WAY
CITY: LANSING
STATE: MI
ZIP: 48951
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0306
4
2021-10-04
0001822993
Jackson Financial Inc.
JXN
0001856349
Prieskorn Laura Louene
1 CORPORATE WAY
LANSING
MI
48951
1
1
0
0
CEO and President
Common Stock
644
D
Restricted Share Unit
2021-10-04
4
A
0
53570
0.00
A
Common Stock
53570
53570
D
Restricted Share Unit
2021-10-04
4
A
0
48012
0.00
A
Common Stock
48012
48012
D
Restricted Share Units
2021-10-04
4
A
0
5626
0.00
A
Common Stock
5626
5626
D
Restricted Share Units
2021-10-04
4
A
0
75018
0.00
A
Common Stock
75018
75018
D
Prudential plc American Depositary Receipts (ADRs) were acquired previously as part of participant's long-term incentive compensation prior to the demerger. In connection with the JFI demerger from Prudential plc, the participant acquired Jackson Financial Inc. (JFI) common stock (shares distributed equally on all securities of a class) where holders of vested Prudential plc ADRs received one JFI share of common stock for every 20 vested Prudential plc ADRs.
On September 17, 2021, participant acquired JFI Restricted Share Units (RSUs) upon the conversion of the unvested Prudential plc Restricted Stock received previously under the 2015 Prudential Restricted Stock Plan, where the total amount of JFI RSUs acquired reflect: (a) JFI shares of common stock received as a demerger dividend (one share of JXN for every 20 shares of Prudential plc ADR), plus (b) JFI shares of common stock - determined by calculating the value of the original Prudential plc unvested restricted stock award (using (i) the 10-day average closing value of Prudential plc ADR immediately after September 20, 2021, divided by (ii) the 10-day average closing price of JFI common stock immediately after September 20, 2021). The RSUs fully vest on April 9, 2023.
Acquired Jackson Financial Inc. (JFI) Restricted Share Units (RSU) and Performance Share Units (PSU) pursuant to the Jackson Financial Inc. 2021 Omnibus Incentive Plan, which was approved by shareholders on April 21, 2021. The JFI 2021 Annual Incentive Awards were approved by JFI's Board of Directors' Compensation Committee on September 20, 2021. The RSUs vest over three years in three installments with the first third vesting on the one-year anniversary of the Grant Date on October 4, 2022, the next third vesting on the two-year anniversary of the Grant Date on October 4, 2023, and the remaining third vesting on April 4, 2024, subject to the Officer's continued employment through such dates.
Acquired Jackson Financial Inc. (JFI) Restricted Share Units (RSU) pursuant to the JFI 2021 Omnibus Incentive Plan, which was approved by shareholders on April 21, 2021. The Celebration Award was approved by JFI's Board of Directors' Compensation Committee on September 20, 2021. The RSUs granted under the Celebration Award fully vest on the one-year anniversary of the Grant Date on October 4, 2022, subject to the Officer's continued employment through such date. Each RSU may be paid out in either shares (1 RSU equals 1 share of common stock) or cash equal to the Fair Market Value of one share of JFI common stock.
Acquired Jackson Financial Inc. (JFI) Restricted Share Units (RSU) pursuant to the Jackson Financial Inc. 2021 Omnibus Incentive Plan, which was approved by shareholders on April 21, 2021. The Executive Founder's Award was approved by the JFI's Board of Directors' Compensation Committee on September 20, 2021. RSUs awarded under the Executive Founder's Award vest over two years in two equal installments with the first half vesting on the one-year anniversary of the Grant Date on October 4, 2022, with the remaining half vesting on the two-year anniversary of the Grant Date on October 4, 2023, subject to the Officer's continued employment through such dates. Each RSU may be paid out in either shares (1 RSU equals 1 share of common stock), or cash equal to the Fair Market Value of one share of JFI common stock.
Power of Attorney on file.
/s/ Kristan L. Richardson, as Attorney-in-Fact
2021-10-06